New upper bound for multicolor Ramsey number of odd cycles

Let $r_k\left(C_{2m+1}\right)$ be the $k$-color Ramsey number of an odd cycle $C_{2m+1}$ of length $2m+1$. It is shown that for each fixed $m\ge 2$, $r_k\left(C_{2m+1}\right)<c^k\sqrt{k!}$for all sufficiently large $k$, where $c=c\left(m\right)>0$ is a constant. This improves an old result by Bondy and Erd?s (1973).